Mr. Trump spoke in Las Vegas on January 25
CNN on January 25 reported that US President Donald Trump had just arrived at Las Vegas, after winning the election in Nevada last year, and in his exciting series of activities in the first week of inauguration.
In the speech here, he did not give many new details, but said that he would start working with the legislators in the coming weeks to draft a new tax law, including the removal of taxes for taxes. TIP (Money BOA).
He said that he once asked a waitress and she complained about even the tip was taxed. This leads to the idea of deleting this tax.
Mr. Trump demanded to reduce interest rates, oil prices globally, ready to punish allies
The local Food Worker 226 on January 25 welcomed Mr. Trump’s proposal, but said that it had to do more. The federation also wants the president to change the policy of a minimum salary of US $ 2.13 for employees who are paid for TIP, currently applied in some states.
The removal of Tip tax is Trump’s frequent promise in the campaign last year, but this will cause the government to lose a large amount. This also took place at the time the Republican Party in the National Assembly pledged to extend the tax cut law and employment in 2017, which could lose US $ 4,000 billion.
It is unclear whether Mr. Trump wants to eliminate federal income taxes and salary taxes for tips, although he implies that he will spend both of these taxes.
Although the removal of both taxes will be more beneficial for more people, it will also cost more. Only eliminating income tax for tips will cause the budget to decrease by US $ 106 billion in 10 years, according to the Republican parliamentarians in the House Budget Committee.
If both federal income tax and salary tax on tip are eliminated, federal revenue will be reduced from 150-250 billion USD in a decade.
In 2023, the United States had about 4 million people working in the professions receiving tips, accounting for about 2.5% of the total number of workers, according to the Budget Policy Research Center of Yale University. Tip money is not the main source of income for most of these people.
